[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have the cost amounts for two years. How would I do that?
A conflict of interest committee is the entity that normally is supposed to determine whether an academic researcher's conflict of interest can be managed.
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What is conflict?</h3>
Conflicts arise from disparate interests, points of view, or even philosophical notions. Conflict will always exist in society because it might stem from personal, race, class, caste, political, or even international issues. In disagreements that are emotional, intellectual, or theoretical, academic recognition may or may not be a key motivator. Cultural conflict is a form of intellectual conflict that, due to diverse cultural conventions and beliefs, tends to get worse over time.
Group conflicts typically follow a predefined course. An internal conflict, which is typically sparked by conflicts between the group's members, internal disagreements, or a lack of resources, initially interrupts normal group interactions.
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Answer:
$4,687.50
Explanation:
The computation of the depreciation expense of the second year using the double-declining method is shown below:
First we have to determine the depreciation rate which is given below:
= One ÷ useful life
= 1 ÷ 4
= 12.5%
Now the rate is double So, 25%
In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate
And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50
